WorldPingStrategy Sells $109M in Bitcoin as Dollar Reserve Tops $4.6B
All of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.
Brief by WorldPing · Original reporting by Decrypt
WorldPingThe company increased its USD reserve to $4.65 billion while reducing its bitcoin holdings to 840,447 BTC…
This is a short WorldPing brief. The full report was published by CoinDesk.
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WorldPingAll of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.
Brief by WorldPing · Original reporting by Decrypt
WorldPingStrategy sold 1,690 bitcoin for $108.6 million last week, using the proceeds to repurchase its STRC preferred stock as Michael Saylor’s company reshuffled a balance sheet still dominated by bitcoin.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingStrategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth roughly $55 billion.
Brief by WorldPing · Original reporting by The Block
WorldPingAn anonymous bitcoin holder has offloaded more than 7,500 BTC since mid-July, including another 1,019 BTC just hours ago, deepening questions about who is behind one of the market’s largest recent sell streaks.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingU.S. spot bitcoin ETFs posted gains across all five sessions, attracting $853.54 million in their strongest week since April 17. Ether funds added about $245 million, while XRP, solana and HYPE ETFs also finished the week with net inflows.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingThe market rose even as the Senate left the crypto bill unpassed before its recess, with steady ETF inflows and a softer dollar doing more for prices than Washington.
Brief by WorldPing · Original reporting by CoinDesk